JSWSTEELJSWSTEEL futs broke above descending triangle pattern on an hourly charts with decent OI.
Risk:Reward = 1:3
Could b bought with mentioned stoploss & target.
JSW Steet moving upside, have few green poitsSupport from strong trend line, Respect all fibo levels and expected to achieve 1.2 Fibo level in coming weeks.
SHORT JSW STEEL FUTURE FOR 8=9% DOWNSIDE TARGETS.The stock price has given bearish breakout from the Head and Shoulder pattern on the daily chart. It has breached crucial supports of 50 and 100-day EMA. Indicators and oscillators like RSI and MACD have turned bearish on the daily charts. Sale with stop loss of 740 and buy at 650/640...You will get
JSWSteel Futures Long ChannelJSW Steel Futures is confined within a channel Very high probabillty to reach upper channnel line.. Buy @ 695 SL 680 Tgt1 740
#JSWSTEEL possible to sell#JSWSTEEL trading 629 formed bearish patern,
yesterday trading our retracement level,
we can sell below 627 and tgt for 607,
follow SL 626.5 closing basis
Short Term BullishBought 1 Lot Of FUTURES
Entry Price ==== 674
Stop Loss ==== 646
Lot Size ===== 1350
Margin Requirement ==== 2.45 LAC
Target ==== 706
JSWsteel , possible breakout!With metals on spree , Jswsteel looks like will give breakout soon, keep an eye, here is a beautiful pole & flag pattern.
Simple price action, no jazz!
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Summarizing what the indicators are suggesting.
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
A representation of what an asset is worth today and what the market thinks it will be worth in the future.
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
The current price of JSW STEEL FUTURES is 1,065.95 INR — it has fallen −0.20% in the past 24 hours. Watch JSW STEEL FUTURES price in more detail on the chart.
The volume of JSW STEEL FUTURES is 3.54 M. Track more important stats on the JSW STEEL FUTURES chart.
Open interest is the number of contracts held by traders in active positions — they're not closed or expired. For JSW STEEL FUTURES this number is 24.47 M. You can use it to track a prevailing market trend and adjust your own strategy: declining open interest for JSW STEEL FUTURES shows that traders are closing their positions, which means a weakening trend.
Buying or selling futures contracts depends on many factors: season, underlying commodity, your own trading strategy. So mostly it's up to you, but if you look for some certain calculations to take into account, you can study technical analysis for JSW STEEL FUTURES. Today its technical rating is buy, but remember that market conditions change all the time, so it's always crucial to do your own research. See more of JSW STEEL FUTURES technicals for a more comprehensive analysis.